Charitable Remainder Trust
SECURE Act Estate Plan Update
Some people think that their IRA actually belongs to them. It does not. It belongs in part to the government. The politicians created IRA plans. Those who make the rules can change the rules. . . and they do. This principle is made very clear in the SECURE Act. The SECURE Act Estate Plan Update…
Read MoreTax Deductions for Giving Art to Charity
When one’s basic needs are fully met, it is not uncommon to accumulate and surround oneself with beautiful things. In other words, those who can, collect art. Sadly, part of the human condition is that it doesn’t last forever. Deciding what will happen to such art collections when we are done with them is a…
Read MoreSplit Interest Gifts
Split Interest Gifts An asset or property can be divided up in many ways. We can divide if geographically by putting a fence down the middle. We can dividing it over time by renting or leasing it. A split interest gift divides property into two parts. One is gifted, and the other is retained. The…
Read MoreCharitable Remainder Trust
A Charitable Remainder Trust is a way to give something to Charity in the future, while retaining the income during one’s lifetime. There are different types. The Numbers let you know if it will work for you. Timing is everything. The charity can be your own Family Foundation
Read More